Archive.fm

Squawk on the Street

Earnings Barrage And Market Reaction, Raytheon CEO On Quarterly Beat, And GameStop's Hot Run Squeezes The Shorts

With the busiest week of earnings season picking up speed, Carl Quintanilla, Jim Cramer and David Faber broke down market reaction to a slew of quarterly reports including results from Johnson & Johnson,

3M, Verizon and General Electric. Raytheon Technologies CEO Greg Hayes joined the program to discuss what drove his company's better-than-expected quarter. The anchors also took a closer look at GameStop's wild ride, continuing stock surge and the $91-billion squeeze it's putting on short sellers. Also in focus: The Elon Musk tweet that gave Etsy shares a boost.

Broadcast on:
26 Jan 2021